Basic Financial Statements definition

Basic Financial Statements as defined in subsection 6.3.2.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Basic Financial Statements means the documents defined as financial statements by the statements of the Governmental Accounting Standards Board (GASB).

Basic Financial Statements as defined in subsection 6.3.3. Borrower: any of the Borrowers. Borrowers: SAI, SACC, MSG, ASMS, AMJ, ERC and each Permitted Subsidiary. Borrowers' Obligations: (i) any and all Indebtedness due or to become due, now existing or hereafter arising, of Borrowers to Lenders and/or Agent pursuant to the terms of this Loan Agreement or any other Loan Instrument and (ii) the performance of the covenants of Borrowers contained in the Loan Instruments.

Examples of Basic Financial Statements in a sentence

• The audited financial statements shall be prepared in the format required by Governmental Accounting Standards Board Statement No. 34 Basic Financial Statements and Management’s Discussion & Analysis for State and Local Governments and presented in the Sponsor’s Comprehensive Annual Financial Report (CAFR).

• The audited and unaudited annual financial statements must be prepared in accordance with Governmental Accounting Standards Board Statement No. 34, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Government.

• The Municipality’s Basic Financial Statements shall comply with the government-wide perspective model and, where applicable, the Statement of Infrastructure Assets proscribed by Government Accounting Standards Board Statement 34.

• The Basic Companies have timely paid (or Basic has paid on each Basic Subsidiary’s behalf) all Taxes due and owing, and, in accordance with GAAP, the most recent Basic Financial Statements contained in the Basic Reports reflect a reserve (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) for all Taxes payable by the Basic Companies for all Taxable periods and portions thereof through the date of such Basic Financial Statements.

• As soon as available after the close of each year: the balance sheet of Borrower as of the end of such year and the statements of operations, cash flows and shareholders' equity of Borrower for such year (collectively, the "Basic Financial Statements"), and the statements of Operating Cash Flow of Borrower for such year, setting forth in each case in comparative form the corresponding figures for the preceding year.

• Palomar Community College District's financial statements are presented in accordance with Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements – and Management's Discussion and Analysis – for State and Local Governments, as amended by GASB Statement No. 35, Basic Financial Statements – and Management's Discussion and Analysis – for Public Colleges and Universities.

• Update: The Concepts Statement, Communication Methods in General Purpose External Financial Reports that Contain Basic Financial Statements; Notes to Financial Statements, has taken a turn from the original timeline.

• The Basic Financial Statements (i) complied as to form in all material respects with the published rules and regulations of the SEC and (ii) were prepared in accordance with GAAP consistently applied during the periods involved, except as may be noted in the Basic Financial Statements or as permitted by Form 10-Q or Form 8-K.

• The Successful Proposer shall perform in the capacity of principal auditor of the Town’s Basic Financial Statements, auditing approximately 10 funds including the Town’s General Fund, other governmental funds, and enterprise funds.

• VENDOR shall conduct an audit of CalACES’ Basic Financial Statements for the purpose of the expression of an opinion about whether the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles; and a single audit as defined in the Uniform Guidance; for the fiscal years ending June 30, 2018 through June 30, 2020 with the option to extend two (2) additional one (1) year terms.

More Definitions of Basic Financial Statements

Basic Financial Statements has the meaning assigned to that term in subsection 5.3.2.

Basic Financial Statements as defined in subsection 0. Borrower: means Carolina National Transportation Inc., an Indiana corporation; Gulf Line Transport Inc., an Indiana corporation; Five Star Transport, Inc., an Indiana corporation; Cam Transport, Inc., an Indiana corporation; Unity Logistic Services Inc., an Indiana corporation; ERX, Inc., an Indiana corporation; Friendly Transport, Inc., an Indiana corporation; Transport Leasing, Inc., an Arkansas corporation; Harbor Bridge Intermodal, Inc., an Indiana corporation; Patriot Logistics, Inc., an Indiana corporation; Liberty Transport, Inc., an Indiana corporation; and Keystone Lines Corporation, a California corporation, and such other entities owned or controlled by any of the foregoing or US 1 Industries, Inc., an Indiana corporation, which elect to be designated as a Borrower hereunder in writing and on terms satisfactory to Lender, and to which Lender agrees in writing to extend credit hereunder and to designate as an additional Borrower.

Basic Financial Statements as defined in subsection 6.3.2. BORROWER: as defined in the Preamble to this Loan Agreement.

Basic Financial Statements as defined in subsection 6.3.2. -------------------------- Bird Purchasing Sub: Bird Purchasing, Inc., a Washington corporation. ------------------- Bonnyville: Bonnyville Construction Company, a Colorado corporation. Bonnyville Indebtedness: the Indebtedness for Borrowed Money owed by ----------------------- Borrowers to Bonnyville as of the Closing Date. Bonnyville Indebtedness Instruments: all documents, instruments and ----------------------------------- agreements evidencing, securing or governing the terms of repayment of the Bonnyville Indebtedness.

Basic Financial Statements as defined in subsection 6.3.3. -------------------------- Borrower: any of the Borrowers. -------- Borrowers: collectively, InfoCure, Rovak, CCI Acquisition, Inc., Polci, HCD, --------- KComp, SoftEasy, DR Software, ▇▇▇▇▇▇▇-▇▇▇▇▇, ICS, OPMS, Pace, MD Acquisition, Inc., each Acquisition Subsidiary and any Target acquired by InfoCure pursuant to an Equity Acquisition. Borrowers' Obligations: (i) any and all Indebtedness due or to become due, ---------------------- now existing or hereafter arising, of Borrowers to FINOVA pursuant to the terms of this Loan Agreement, any other Loan Instrument or otherwise, including, without limitation, the Contingent Obligation Payment required to be made by Borrowers pursuant to Section 2.11, and (ii) the performance of the covenants of Borrowers contained in the Loan Instruments. Business Day: any day other than a Saturday, Sunday or other day on which ------------ banks in Phoenix, Arizona or New York, New York are required to close. Capital Expenditures: payments that are made or liabilities that are incurred -------------------- by any Borrower for the lease, purchase, improvement, construction or use of any Property, the value or cost of which under GAAP is required to be capitalized and appears on such Borrower's balance sheet in the category of property, plant or equipment, without regard to the manner in which such payments or the instruments pursuant to which they are made are characterized by such Borrower or any other Person.

Basic Financial Statements as defined in subsection 6.3.3. Borrower: either of the Borrowers. Borrowers: CBC and CLI.